Launching Your Start-Up

Are you gearing up to kick start a new venture? Setting up a Limited Liability Company (LLC) or a corporation can significantly impact your liability and tax benefits as a business owner. Let us walk you through the advantages of establishing an LLC and other corporate structures.

Limited Liability Company (LLC)

For various reasons, the LLC is a top choice for smaller businesses. It's a cost-effective and easily manageable business structure compared to other corporate entities. What's more, an LLC provides owners with limited liability protection, akin to C Corps and S Corps. In practical terms, this means that if your business faces any liabilities, they are confined to that specific business and do not encroach upon other operating businesses in the market or the personal assets of other business owners.

S-Corporation

Furthermore, the LLC is not subject to federal income tax. It qualifies for 'pass-through' taxation, meaning the company's income taxes are reported on each owner's individual tax return, rather than at the business level.

In addition to the LLC, there are other types of corporate structures, namely C Corporations (C Corps) and S Corporations (S Corps). C Corps are distinct legal entities from their owners and extend limited liability protection to shareholders. They also offer various tax advantages, including the ability to deduct business expenses from corporate taxes.

C-Corporation

On the contrary, S Corporations (S Corps) operate as a type of corporation that also offers pass-through taxation, akin to LLCs. They grant limited liability protection to their shareholders, and the company's profits and losses are reflected on the personal tax returns of the shareholders.

At our firm, we specialize in helping you navigate the intricacies of establishing an LLC or other corporate structures. We'll walk you through the process, ensuring you make the best decision for your business. Our team of experienced attorneys is equipped to provide you with the support and expertise required to safeguard your business and mitigate liability.

Non-Profit Corporation

To sum it up, establishing an LLC or other corporate entities can significantly influence your liability and tax situation as a business owner. Reach out to us today to delve deeper into how we can assist you in launching your start-up and ensuring you make informed decisions that align with the needs of your business.

Contact us now to explore your options and set your business on the path to success.

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FAQS Do You Have Any Questions?

  • 01 Why Form a Limited Liability Company (LLC)?

    A Limited Liability Company (LLC) is a preferred choice for many due to its cost-effectiveness and simplicity, especially for smaller businesses. One key advantage is that LLCs provide limited liability protection, meaning business owners are shielded from personal liability for business losses.

  • • S Corporations are exempt from paying corporate taxes.

    • S Corporations safeguard the personal assets of their shareholders.

    • S Corporations are not subject to federal taxes at the corporate level.

  • Absolutely, shareholders of C-Corporations have the freedom to sell their shares, and the purchaser will assume ownership with both management and economic rights.

  • A Non-Profit Corporation, unlike S-Corporations, C-Corporations, and LLCs, is not designed for profit-making purposes. Instead, they operate to pay salaries to their employees and serve the welfare of their beneficiaries.

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  • Make sure you're not liable for any business debts. Ensure you're not on the hook for business liabilities
  • Company Formation through a Simple Process: Our 3 step process discards with entering your details, Then selecting a service and lastly payment.
  • Save Money on Taxes: For potential savings you get to decide whether you’re are taxed as a LLC or a Corporation
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Testimonials

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